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There is a Covenant on my Transfer of Land Document for a house I am considering purchasing. I think I understand it but wondered if anyone can help me to decipher it in layman's terms! Title Doc reads..........Shall not at any time on the said lot hereby transferred or any part or parts...

I have a few basic questions that I am trying to get my head around. I have found conflicting information on these points and information on some Lawyers websites that have scared the c%^p out of me. :eek: I thought the process was a little simpler (I have purchased a house before - but not...

I currently have one IP and one PPOR. I am thinking of purchasing a new PPOR and making the current one my second IP. I recently refinanced and so valuations were done only 6 months ago. Can someone please advise if basically I can use the equity (and approx how much to expect) as a deposit...

I am having a valuation done on Wednesday for a refinace loan and the valuer just rang to ask if anyone is home during the day to which I answered no. He said he will have to come and do the valuation before work on Wednesday then when I am home. Is it normal for them to inspect the insides of...

On a month to month lease, how much notice can I give for the tenant to vacate should I be sucessful in selling my property? Can I issue a 28 day notice?? Or does it have to be 60 days??

Q1/ Can anyone please recommend a buyers agent in Melbourne for my time poor professional friends that I am trying desperately to help find a house to buy?? PM me please :D Q2/ Said friend has been given 90 days to vacate, lease ends August 1st. The vendor apprently wants to sell the house...

Can a lease have a condition on it regarding the renewal? I will find out more information but my friends lease is up in August (took out a 12 month lease last August) and he said the lease has a condition written in it "with option to renew" at the end of the period. He has expressed...

OK situation. I was renting (just bought PPOR!) and I moved out of the rental last week and into my new home - yae. My rental place had a wireless doorbell which the landlord installed just before I moved in last year. He left a note saying the chime box inside neeed batteries blah blah...

OK the last tenant was a dirty cow and her 2 dogs and cat have peed all over the lounge/hall and entrance carpet (and suspect the bedrooms too). I have ripped up the lounge carpet and am going to replace that first. After dry reaching at the carpet and underlay, it seems the urine has soaked...

When living in a unit with a body corporate, you would only take out contents insurance as the building is covered in the overall complex insurance??

I am submitting an ITWV variation. Everything is the same except I need to revise the interest paid on the mortgage down as there has been a few rates drops since I first submitted one. So do I just copy all the info across to the variation, (ie/ depreciation being claimed this year...

I currently have a mortgage, with an offset, monthly payments, P&I. My question is, I am thinking of switching to fortnighly repayments, (I get paid fortnightly so it's easier to budget for me). Is the interest on my loan calculated in respect to the payment frequency, ie/ calculated...

OK since I submitted my ITWV (In August) the interest rates have dropped 3 times. Do I need to submit another one now because the interest repayments are lower than what I stated on the original ITWV.

I have just signed a contract on a unit which will be a PPOR for me. I have 90 days settlement. The unit is currently tenanted, and when my finance goes through, they will be given 65 days notice. So the current owner will be the one servine the notice etc. "What if" Scenario - the...

Super quick question - is there a threshold as to the amount of increase rent can be increased? A friend of mine had hers increased by $75 per week! yes per week! Now either that was disgustingly under market rental or someone is being super greedy. She is most likely going to have to move...

How do you find out how much equity you have in a property? Do you have to have it valued? Valued by the bank? :confused: My scenario - just bought IP in July. Paid $220K borrowed $176K. I would like to know if there is any equity available in this place to use as a deposit (or part...

Filling out my first ITVW. Just confirming a few things.... The Category or Reason code for IP would be 08A0 - Negative Gearing, Real Estate, Investment? Page 7 sec E8- Interest - would you just leave this blank, how can I know what interest I am going to be paid this year when the bank...

I need to submit the Income Tax Variation form as I have just obtained my first IP. I am just waiting on my deprectiation schedule back from the QS then I have all the info I need. I have had a look at the form and filled in as much as I can (except the depreciation). I feel I am a pretty...

Hi guys, I just paid the deposit on my first IP and as I have not done this before, my head is swirling a bit as to what I have to organise now. I have thought of the following: Arrange pre settlement inspection Take out landlords insurance and building insurance Go to lender and...

arrhh I think I feel sick!! Obviously the 1st one is the worst. There is just something about buying a house that isn't for 'yourself' that someone else is living in!! I have never been in this situation before obviously. But I am excited :D I'm proud of myself for taking that first...